14.— (1) The Act of 1942 is amended as set out in Part 1 of Schedule 1.

(2) Parts IIIC, VIIA and VIIB of the Act of 1942 are further amended as follows:

(a) by deleting “Regulatory Authority” and substituting “Bank” in each place where it occurs;

(b) by deleting “that Authority” and substituting “the Bank” in each place where it occurs.

(3) The provisions of the Act of 1942 set out in Part 2 of Schedule 1 are repealed.

(4) The Central Bank Act 1971 is amended as set out in Part 3 of Schedule 1.

(5) The Central Bank Act 1989 is amended as set out in Part 4 of Schedule 1 .

(6) The Central Bank Act 1997 is amended as set out in Part 5 of Schedule 1 .

(7) The Central Bank Act 1998 is amended as set out in Part 6 of Schedule 1 .